Very competitive rates with no fees at all

summary: Zynlo Bank is the online division of Massachusetts-based Peoplesbank. Founded in 1885, Peoplesbank has several branches in the northeast. However, Zynlo Bank is completely online and takes an approach that offers high rates and rates in modern banking experiences.

Zynlo doesn’t offer the various products you normally get from a full-service bank, but it covers the basics. Plus, it can be an attractive place to park your cash as it offers high deposit fees and minimum fees.

More spending, Zynlo checking accounts offer 2% APY with no monthly fees or minimum balance requirements. Furthermore, each time you purchase a debit card, the amount will automatically be rounded up to the nearest dollar and deposited in your savings account. Zynlo matches roundups with an APY of 2.11%.

Tomorrow’s savings account is a savings account that works best in combination with a checking account for roundup and matching, but this account is also good in itself. Earn APY of 4.35% without minimum deposit or balance requirements. You can also personalize your savings goals and save for specific purposes.

Zynlo’s Money Market account has earned a highly competitive 4.4% APY. There are no fees or minimum balance requirements. You can also make unlimited transactions. This means you can use your account as much as you want without any fines or fees.

Banks that say there is a “no charge” often charge a fee when they dig into account disclosure. However, Zynlo doesn’t write down the word when they say they’re charging zero fees. Customers do not pay Monthly maintenance fee, Overdraft feeor stop the payment fee.

Before you open an account, consider the pros and cons of Zynlo Bank.

Strong Points

• Competitive interest rates for deposits: All Zynlo deposit accounts offer competitive APYs that are much higher than the national average.

• There are no monthly fees or minimum deposit requirements. The bank does not charge monthly fees. In fact, no fees or periods will be charged. Additionally, Zynlo’s deposit accounts do not have minimal deposit requirements.

• Purchases come with roundup and matching. Debit card purchases will be rounded up to the nearest dollar, and Zynlo will match your roundup.

Cons

• No CD: Zynlo does not offer it Deposit certificate (CD).

• No branch access: As an online only bank, you cannot access the branch to support your Zynlo account.

Zynlo Bank offers phone and email support, with phone support from 8am to 10pm Monday through Friday. On weekends, it is open from 10am to 2pm.

The bank’s app has a mediocre rating, with a 3.9 rating on iOS and a 3.3 rating on Android. Some customers have mentioned technical issues and the difficulty of using the app. Others say it’s not supported Lattice or cell.

read more: 10 Best Mobile Banking Apps of 2025

You can contact customer support by calling 844-996-5622 (844-Zynlobank). Another option is to send an email to support@zynlobank.com.

Zynlo mailing address: 330 Whitney Avenue, Holyoke, MA 01040

Zynlo Bank is FDIC insurance with coverage of up to $250,000 per depositor per ownership category.

The routing number for Zynlo Bank is 011875428.

Zynlo Bank is an online bank for FDIC insurance. This is the online division of Peoplesbank, a Massachusetts-based bank founded in 1885.

Zynlo is an online-only bank, but is a division of Peoplesbank, with a small number of branches in two states.